another auto question
We just filed, have not had our hearing yet. It is set for next week. The better of our two vehicles has turned out not to be the better.....It was actually in the shop when we filed for what we thought was a minor repair. After an alternator, a new pcm, fuel filter we now know it is not going to be a minor repair. It is an 03 Lincoln Aviator with 69,000 miles on it. The dealorship that was doing our repairs is telling us to get out now. Is this possible? Can we trade or surrender the vehicle at this late date? Is it possible to get financed in 13? We are new to this. Hubby lost his job last year and now makes way less money than he did. And we have a new baby. I can't risk breaking down with a 2 year old and a 6 month old. If anyone has had any experience with this sort of thing I would appreciate any advice. I have a call in to attorney, but wanted to get the opinions of those who have done it. Thanks so much.
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you will need trustee approval and your attorney can let you know the procedure. Getting financing while in the chapter 13 is always the tough one. I was unable to obtain any while in my chapter 13. Hopefully your attorney will enlighten as to the process. You might also want to consider selling of the aviator and getting a car with cash for now? -
That is what I was afraid of. So do we not have the option to decide to let the car go? I would not feel right about selling it to someone with the issues it has. Also I owe alot more on it than I could sell it for......Nothing is simple is it?Comment
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you most certainly can let the car go in your chapter 13 esp if you don't need a second vehicle or can get another one for cash to get you through. Just have your attorney amend your schedules to reflect the vehicle going back to the lender.Comment
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